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Please show all steps done to calculate this problem, it can be handwritten or done in excel. Excel is preferred. Thank you 22. The market

image text in transcribedPlease show all steps done to calculate this problem, it can be handwritten or done in excel. Excel is preferred. Thank you

22. The market price of a firm's stock is $40, the stock's expected return is 11%, and the firm pays a constant dividend. If the risk-free rate is 2% and the market risk premium is 8%, then what will be the price of the firm's stock if its beta doubles

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